- Fed Chair Kevin Warsh offered no new rate guidance on Friday and declined to say what the Fed would support at its remaining meetings this year.
- The FOMC voted unanimously last month to raise its benchmark rate by a quarter percentage point, to a range of 3.75% to 4%.
- Warsh said he does not prejudge meetings and described the Fed as entering a new chapter in which it no longer signals future decisions in advance.
- Inflation has stayed above the Fed's 2% goal for more than five years, with higher oil and gas prices and AI investment adding to inflationary pressure in the US.
- Economists polled by Bloomberg expect China's GDP rose 4.4% last quarter from a year earlier, a slight improvement on 4.3% but still below Beijing's 4.5% to 5% target.